BUZZ-Citi sees Aussie Steadfast's outlook firm with levers to soften rate drag
Reuters
Dec 12, 2025
BUZZ-Citi sees Aussie Steadfast's outlook firm with levers to soften rate drag
** Citi calls insurance broker Steadfast's SDF.AXinvestor update upbeat, with earnings outlook intact and fresh levers flagged to cushion softer rate cycle
** Brokerage adds that the CEO is "very confident" on hitting FY26 EPS target of 6%-10%, though leaning on faster M&A and cost cuts
** Lifts FY26/27 EPS estimates by 0.2%, sticking with view for ~6% profit growth on two-year compound annual growth rate
** Citi says brokers are "quality businesses" proven through the cycle, with many levers available to mitigate slowing rates
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